2 ms·
There are enough houses to house everyone in the US. The problem is that half of them are for rent which enriches one person off the dime of another. We don’t
by jimbob45 5y ago
There are enough houses to house everyone in the US. The problem is that half of them are for rent which enriches one person off the dime of another.
We don’t need more houses unless we want to continue wrecking the environment. Better to block renting and use what we have.
- Ericson2314 5y agoHomeownership is stupid speculation which makes things unaffordable. Single family homes also prevent density. We could have a "condo economy" but there's no good reason to. More broadly, the problem isn't rent, but landlords. Rent is fine, it's when rent feeds into rentiers that the bad extraction happens. The solution is to make it "rent all the way up". For example, do a maximal land value tax where the "tax" is so high it eats up the value of the land...and thus becomes rent. The rent goes to the state, and much of it is distributed as a dividend back to the people. That completes the loop, rent all the way around. All flows, no stocks.